2020 (2) TMI 950

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.... For the Respondent : Mr. T. Ravi Kumar Senior standing counsel JUDGMENT N.KIRUBAKARAN, J. The Appeal has been preferred against the dismissal of stay petition filed by the assessee/appellant in the ITA filed by the Appellant agianst the order of the Appellate Commissioner confirming the addition made by the Assessment Officer. 2.The case of the appellant is that he has purchased share....

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....f the Appellant? (ii)Whether the Tribunal was correct in dismissing the request for stay of demand when the Appellant has strong prima facie case on merits, the assessment order being without jurisdiction and in complete violation of principles of natural justice? (iii)Whether in the interest of justice, equity and fairness the Appellant should be granted stay of balance tax dema....

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....6,838/- and the total tax and interest is Rs. 61,99,012/-, whereas he has paid Rs. 15,71,293/-. 6.Though the Tribunal found that there is no prima facie case in view of the incriminating documents, considering the fact that the appellant had already deposited a sum of Rs. 15,71,293/-, out of demand of Rs. 61,99,012/-, the Interest of Justice will be complied with by directing the appellant to d....